https://www.taxtmi.com/caselaws?id=795599 For software development services, comparable selection should apply functional, asset and risk criteria rather than depend on a database search outcome. Companies available in the taxpayer's database may be included after verification where no functional dissimilarity is established, while diversified entities providing materially different technology services should be excluded. Delayed associated-enterprise receivables denominated in foreign currency are treated as international transactions; interest is benchmarked at LIBOR plus 2% for foreign-currency invoices and SBI PLR for domestic-currency invoices, subject to currency verification. Self-assessment tax credit requires verification of payment records and computation before grant. en-us Thu, 02 Jul 2026 00:00:00 +0530 Fri, 24 Jul 2026 08:36:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795599 For software development services, comparable selection should apply functional, asset and risk criteria rather than depend on a database search outcome. Companies available in the taxpayer's database may be included after verification where no functional dissimilarity is established, while diversified entities providing materially different technology services should be excluded. Delayed associated-enterprise receivables denominated in foreign currency are treated as international transactions; interest is benchmarked at LIBOR plus 2% for foreign-currency invoices and SBI PLR for domestic-currency invoices, subject to currency verification. Self-assessment tax credit requires verification of payment records and computation before grant. Case-Laws Income Tax Thu, 02 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795599